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- BoE's chief economist Haldane: Economic prospects next year are perhaps materially brighter than a few weeks ago
BoE's chief economist Haldane: Economic prospects next year are perhaps materially brighter than a few weeks ago
- UK economy surpassed expectations in Q3
- Economic prospects for Q4 are very uncertain
- Economic activity very likely to be below levels at the start of the year
- The potential macro-economic benefits of easing ZLB [zero-lower-bound] constraint appear to be significant
- The macro-economic costs of ZLB constraint require thorough exploration
- Three R’s – Recovery, Rebalancing, Revitalisation – are more important than ever; so too is the need for optimism about opportunities this crisis will serve up, as all crises do
- Digital opportunities in the areas of payments and lending are large and could deliver lasting benefits to individuals and companies
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